In 2022, Japan established the GX League (GX: green transformation), a forum for cooperation between a group of companies and the government, universities, and academic institutions in order to meet greenhouse gas reduction targets and increase industrial competitiveness by using Japan’s goal of carbon neutrality by 2050 as an opportunity for economic growth.
Currently, companies from various industries that endorse the GX League are working together to develop a vision of the future society, make rules for market creation, and prepare a carbon credit exchange scheme with the aim of having the league fully operational from FY2023 onward.
The GX League has established the GX Business Working Group as part of its ongoing efforts to develop rules for market creation. The working group aims to build a framework under which companies’ opportunities to contribute to climate change will be appropriately evaluated.